New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-28
THE PETROLEUM MARKET
Nrws rnoN nc rIsLn "a RAvae owl PRIcE'

news rrOY THE FIsLp AvD RANCE or PRICES
There was an animated market IN crude certificates veg
crdar and price made further progress toward hsh'f
basis 81 values And yet only particular reason IoI
the Of new buying could have been the io'
Of the decline IA the SaAonOug gauge to 900 Diie''
This district Is worthy Of mention In Wow OF ihe
broader phases presented Nv tbs pou~erm s'ua'.'n'
Traders persist In looking upon the upWnd movement
with the eyes OF pure spectators and as result 'hey
have lost plonts been punished And because or hS
rallied somewhat from depression which had less oHda-
ton u any other which visited the Industry u
seems aga.t recall The possibility Of oil tr.ns
above slasl % Two years q controversy and ihc as
cicci'iuc ~ product cost the producing Interest
far It could possibly gain by incom" from
carving charIos But Tor th- attitude %! the miners %
oil encouraging 20 wall bears" probably even n'
dread Of the Ohio fields would not have had me
cree; Il a the last year But Il IS demonstrated ih"
however well the Lima uluminant may be made !" oo ''
the start quality deteroat"s and !; d"t, sHch or
cc'oral' qualities thlt attempts 20 Introduce Is only hrf'
Ia, business q tho WHO sought io he .he missionary
With every spur The owners TO refining
cN e re'ts, product Of the ONO fcd, Is now vf, o
b utilized rs fuel Lima has been lifted weight ifoA
tho ,.uis. ivania crude market lfod months
ago as report THE TRIBUNE rus ia failed % keep "a
rs grow ia the growth OF he worlds consumption and
hcl Gc.d, haNe exhibited within the Last iN months Tao
Ind lions which atte,t the instability o.: all Oh A.it-
which arc Of gusher' OBSERVATION-DISCLOSURES OuiIo4Ag
appel but RAPID exhaustion dei"ad Vine" '"s
aIe existence Of production carried IIccs 10
about II 10 early in loo4, tAc statistical position u ol
coz. .-seI. 1Li shutdown, however, Fua:Al''es ie
futUr. o. tho c.mue.lI sieig'h ~ oi Us s'i 4
surplus available 10 ihr r''7 ~ ne s.''N''
f4ii u il gradual apprec am ~ tne t-"il' 'i
fh, pfceS which have been l".cushue producer "Hi i
turing for 80 long which = hlinBng pt.N 'NSg
tons 81 +Iati - oI ana hI ncing hl''s ia me IT, 'i
;hr doubt, drI-IOn on opposition 0f -lfsta'u, Ii
h,d fho ceIunc s investors arr ready p" bay h b"
IhAn stock -)G by tho bar party, anb JOS .-"'s h
dong nothing either 10 accommodate tAe waiting =
latorS or scare" he short seller Ilo.i.'' age 4-.'i
with Tho es iH.alo position and olno'n' anu iA.t t'
Dc Lrf lniatcii nor nervous. leiuucAifs $50 .rf
continued scarce, with loans generally maio f'I On.
Insikot closed sfrrng AZ near 20 TIM Top ana up cn
from Satufdly noon
e. 81 Exchange follows OPENING =, highest
So . lowest e3 IS, Gna IS ] s. Sales ban s'
5.f5f.o00
TIs generally recognizes tho faG; that hc meat
lrtv d4v, VIII Europe make heavy purchases n;
refined Tar tho fehncis cDhNI'hf ~ 'trr
which hes0 Turch-7fs must Dc made. atb quota
fons ADJ 4 vr,eT.ay - cont pr gallon =
cents for Abel test IN barrels and II fcr casts,
or CRY Penn Doc. 27-Na,onnl Transit CertGoa'es
opeuei az highest. 49, lO@c-t. = close. ~.
e4'rs 1873 0b1 barrels clearanc~.. 900 barrel char
ter, 2aS-l barrels. shpment. l67.9h3 barrels. RUS
s. .s6l barrels
rirr.r,'rg Penn Dec 27 Petroleum fairly active ana
hi~ic~ National C.rtncaes ioHed at - H. cosd
az e9is highest s32. lor".t 81
BcAsFsRb Pam Dec. 27.-N,ronal fr,1't '-rt 1r'f',
or-ned az So, SIS lEhsH. S7's lowest.
8Sa. Cl.arAur-s s62OJD ,trrol,
IiTsvfLLR Penn. Dec IT Nafi11t rrs1st Ff'til)tt3s
opened at - i,i highest. sss; lowest 81 clo'sd. ~